Last week’s Budget 2018 announced a number of changes to the main Income Tax rates and allowances for the 2019/20 tax year.

HMRC has published an annex, which includes the main rates and allowances announced in the Budget 2018, and is useful as a single point of reference for the latest changes. The annex also covers all announcements made at Autumn Budget 2017 and subsequently.

Categories comprise:

  • Personal tax and benefits
  • Company car tax
  • National Insurance contributions (NICs)
  • Working and child tax credits, child benefit and guardians allowance
  • Capital, assets and property (includes pensions)
  • Business and financial services
  • Indirect tax.

"I've booked the HR and Payroll Update course most years and during roles with at least 3 different employers. One thing remains the same; a course that is relevant, well delivered and enjoyable and that is key when trying to retain the many pieces of legislation changes to which payroll professionals are exposed."

Tracy Hinton
HR & Payroll Manager at Stemcor

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